NewsBTC
Sep 15, 2025
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Bitcoin Spot Trading Volumes Halve to $322B as Market HODLs

Bitcoin Market Overview

  • Bitcoin is trading near $114,987, with key support levels at the 50-day SMA ($114,399) and 100-day SMA ($112,681).
  • Resistance is observed at $116,000–$117,000, with a successful breakout potentially leading to a retest of the cycle high at $123,217.
  • Support is around $112,500; a break below could risk revisiting $110,000.

Current Market Dynamics

  • Bulls are defending key supports but struggle to create new upward momentum.
  • The US Federal Reserve's interest rate decision on Wednesday is anticipated, with a potential 25-basis-point cut expected.
  • CryptoQuant data indicates Bitcoin is moving into "HODL mode," with supply shifting from exchanges to long-term storage.

Market Behavior & Trends

  • In January 2025, spot trading volumes peaked at $636 billion, dropping to $322 billion by August, suggesting a shift towards long-term holding.
  • This reduction in active speculation leads to price stability but may result in sharper swings due to thin liquidity.

Bitcoin Spot Volume

The combination of macroeconomic factors and on-chain fundamentals will likely influence Bitcoin's performance this week. The Fed's decision might serve as a catalyst for renewed market momentum if Bitcoin maintains its position above critical levels.